What is “cryptocurrency 3.0?” According to developer and cryptocurrency enthusiast Charles Hoskinson, it’s the stage reached after both “decentralized currency” and “smart contract” applications are achieved — the point at which governance and self-funding are addressed. But is that really the best order in which to achieve 3.0 status? Should governance and blockchain funding really come last?
Also read: Do You Make These 4 Mistakes When Explaining Cryptocurrency to Newcomers?
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At a Coinscrum event, Hoskinson recently described that 3.0 crypto features the ability to identify stakeholders, thereby more closely eliminating those with conflicts-of-interest. Hoskinson dubs these individuals as the ideal voters, and that their vote should take place via the blockchain protocol itself, rather than via third party or “meta” means.
Hoskinson further says that things like “treasuries” would be nice, giving the example of a Blockstream employee applying to the network of Bitcoin stakeholders and asking for a blockchain payout for work performed.
He points to Bitcoin as 1.0 crypto, Ethereum as 2.0 crypto, and — surprisingly — though he’s uncannily described both the governance and treasury functions currently taking place in Dash, he doesn’ …